NABFID and Axis Bank Join Forces to Extend Rs 37.90 Bn Loan for DP World's Box Terminal at Tuna Tekra

05 Mar 2024 CW Team

In a strategic collaboration, the National Bank for Financing Infrastructure and Development (NABFID) and Axis Bank have joined forces to extend a significant loan of Rs 37.90 billion to DP World. The funds are earmarked for the establishment of an advanced box terminal at Tuna Tekra, marking a pivotal step in fortifying maritime infrastructure in the region.

The financial infusion into DP World's box terminal project is anticipated to play a pivotal role in bolstering port infrastructure, enhancing trade capabilities, and fostering economic growth. The collaboration between NABFID and Axis Bank underscores a concerted effort to support critical projects that contribute to the development of robust maritime facilities.

The loan is expected to facilitate the construction and operationalization of a state-of-the-art box terminal, contributing to the region's logistics and trade efficiency. The collaboration reflects the banking sector's commitment to supporting key initiatives that align with the broader goals of enhancing infrastructure and promoting economic development.

As DP World embarks on this ambitious project, the financial backing from NABFID and Axis Bank signifies a synergistic approach towards strengthening maritime connectivity and trade capabilities. The loan infusion is set to have a cascading impact on the region's economic landscape, positioning Tuna Tekra as a key player in the maritime infrastructure ecosystem.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..